Kuwait Finance House “KFH” CEO and “KFH-Turkey” Chairman Mohammed Sulaiman Al-Omar said that “KFH-Turkey” maintained its rapid growth in 2012 and increased its profits to 250 million Turkish lira, 28 percent increase compared to 2011, KFH Turkey increased its assets by 27 percent to 19 billion Turkish lira and its loans by 14 percent to 12 billion Turkish lira and capital adequacy ratio stood at about 14 percent.
Al-Omar stated that the positive financial indicators achieved by “KFH -Turkey” reflected growth in many areas like the growth of clients deposits that increased by 29 percent to reach 12.7 billion TL. He also stressed that the results achieved were in accordance with the plans, targeted shares, development projects and restructuring program implemented by the bank...............................................Full Article: Source